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Innovation, Evolution and Complexity Theory by Koen Frenken (Hardcover, 2006)

About this product

About this product

Product Information

The motivation behind this book is the desire to integrate complexity theory into economic models of technological evolution. By means of developing an evolutionary model of complex technological systems, the book contributes to the neo-Schumpetarian literature on innovation, diffusion and technological paradigms. Recent advances in complexity theory provide a new understanding of technological innovation and complex problem-solving. This book offers an approach based on Stuart Kauffman's NK-model of complex systems to better understand and analyse search strategies that firms apply to develop new technologies. The models deal with a range of topics including bounded rationality, myopia, decomposability, modularity and the emergence of technological paradigms. Empirical applications include the evolution of early 18th century steam engine technology, 20th century aircraft and helicopter designs and recent innovations in personal computers. Innovation, Evolution and Complexity Theory makes excellent use of complexity theory and large datasets on technologies with which to complement the analysis. The book will be of great interest to evolutionary and innovation economists and academics as well as scholars in the interdisciplinary field of complexity theory and industrial organisation.

Product Identifiers

Publisher
Edward Elgar Publishing Ltd
ISBN-13
9781843761976
eBay Product ID (ePID)
94559367

Product Key Features

Author
Koen Frenken
Publication Name
Innovation, Evolution and Complexity Theory
Format
Hardcover
Language
English
Subject
Economics, Education
Publication Year
2006
Type
Study Guide
Number of Pages
192 Pages

Dimensions

Item Height
234mm
Item Width
156mm

Additional Product Features

Title_Author
Koen Frenken
Country/Region of Manufacture
United Kingdom

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